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Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental income $ 4,091,185 $ 1,827,196 $ 7,746,967 $ 2,690,315
Total revenues 4,091,185 1,827,196 7,746,967 2,690,315
Expenses:        
Rental operating - expenses 809,644 346,784 1,491,055 483,280
Rental operating - payroll 412,606 199,196 783,480 278,532
Rental operating - real estate taxes 579,216 182,989 1,076,447 307,192
Subtotal- rental operating 1,801,466 728,969 3,350,982 1,069,004
Property management fees 2,624 2,344 5,235 4,361
Management fees - related parties 630,599 290,565 1,204,637 426,491
General and administrative 602,250 527,348 1,394,922 955,120
Loss on disposal of assets 131,611 3,879 218,473 6,488
Depreciation and amortization expense 2,216,145 1,152,791 4,453,246 1,714,946
Total expenses 5,384,695 2,705,896 10,627,495 4,176,410
Loss before other income (expense) (1,293,510) (878,700) (2,880,528) (1,486,095)
Other income (expense):        
Interest income 83,164 44,292 152,980 70,214
Interest expense (1,391,557) (554,042) (2,659,762) (798,724)
Total other income (expense) (1,308,393) (509,750) (2,506,782) (728,510)
Net loss (2,601,903) (1,388,450) (5,387,310) (2,214,605)
Other comprehensive (loss) income:        
Designated derivatives, fair value adjustments 2,046 (21,309) 869 (17,270)
Total other comprehensive (loss) income 2,046 (21,309) 869 (17,270)
Comprehensive loss (2,599,857) (1,409,759) (5,386,441) (2,231,875)
Class A Common Stock        
Other comprehensive (loss) income:        
Net loss attributable to common stockholders $ (138,232) $ (154,200) $ (306,114) $ (272,581)
Net loss per common share, basic and diluted (in dollars per share) $ (0.22) $ (0.25) $ (0.48) $ (0.44)
Weighted-average shares outstanding, basic and diluted (in shares) 635,764 626,103 635,630 624,518
Class T Common Stock        
Other comprehensive (loss) income:        
Net loss attributable to common stockholders $ (269,481) $ (291,749) $ (590,857) $ (526,031)
Net loss per common share, basic and diluted (in dollars per share) $ (0.24) $ (0.27) $ (0.53) $ (0.48)
Weighted-average shares outstanding, basic and diluted (in shares) 1,118,038 1,089,943 1,116,159 1,086,970
Class R Common Stock        
Other comprehensive (loss) income:        
Net loss attributable to common stockholders $ (2,088,721) $ (921,259) $ (4,290,343) $ (1,386,823)
Net loss per common share, basic and diluted (in dollars per share) $ (0.23) $ (0.24) $ (0.51) $ (0.42)
Weighted-average shares outstanding, basic and diluted (in shares) 8,968,558 3,848,272 8,455,769 3,280,470
Class I Common Stock        
Other comprehensive (loss) income:        
Net loss attributable to common stockholders $ (105,469) $ (21,242) $ (199,996) $ (29,170)
Net loss per common share, basic and diluted (in dollars per share) $ (0.18) $ (0.16) $ (0.41) $ (0.32)
Weighted-average shares outstanding, basic and diluted (in shares) 585,893 133,309 483,610 91,914